Tuesday, November 03 2026

CHCC targets up to 75pc stake in NICL
Cherat Cement Company Limited (CHCC) expects to complete its takeover of NICL (Nimir Industrial Chemicals Limited) in the coming months, with its ownership stake projected to reach approximately 70 to 75 percent, including the tender offer. According to takeaways from the company’s analyst briefing, under the proposed acquisition, NICL’s existing management is expected to retain around 15 percent ownership. Cherat Cement plans to finance the remaining consideration through a seven-year syndicated loan from two local banks at what management described as attractive rates, alongside approximately Rs16 billion in cash and short-term investments.
Related news categories: business cement chemical economic-indicators psx stock-exchanges
Related symbols: chcc (news stock) nicl (news stock)

Monday, November 02 2026

Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billion
Cherat Cement has signed agreements to acquire a majority stake in Nimir Industrial Chemicals Limited (NICL) for over Rs24 billion, i.e. approx. $86.6 million. The company disclosed the development in a filing submitted to the Pakistan Stock Exchange (PSX) on Monday. The company entered into two share purchase agreements on October 30, 2026, with NICL shareholders to acquire a total of 70.86 million ordinary shares.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: chcc (news stock)